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Share Facebook Twitter LinkedIn Pinterest Email Google News' now to get latest article notification text size Hostess is a maker of Twinkies and other snacks. Scott Iles/Bloomberg Shares of Host brands The makers of Twinkies jumped on Monday after reporting JM Smucker Co. He is going to buy it. Smucker (Ticket: SJM), a food company known for its jams and jellies, beat the competition General Mills ( GIS ), the maker of Cheerios, to buy Host ( TWNK ) for $4 billion; The Wall Street Journal He reported. Host rose 15 percent to $32.28 in premarket trading on Monday. Smucker shares rose 0.9% to $142.81. The purchase marks a remarkable recovery for Hostess, which has suffered through two Chapter 11 bankruptcies. The company It returned to the stock market in 2016. Sales are set to hit $1.3 billion by 2022, and the stock price has more than doubled in the past five years. Write to Brian Swint at [email protected]
